i am looking through headlines and the signs are that it will be over for Gadhafi soon. But, there is a huge chance that the instability in Libya and beyond will persist for months or years. This almost automatically means higher oil prices, which can't be good for equities. Does the market prices in this future instability?

I am wondering how high SPX would be right now if the level of stability in N.Africa were at the level from a year ago.

"The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential - a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War - remains alive and effective."

"Now, as in 1776, 1861, 1932 and 1941, America's best days lie ahead."

"Our elephant gun has been reloaded, and my trigger finger is itchy.""